Sarasota Magazine: The Latest Real Estate Numbers Are Ticking Toward a Buyer’s Market

February 2024 data shows that single-family homes in the Sarasota-Manatee region have reached a monthly supply of inventory (MSI) that hasn’t been seen since March 2019, according to new data from the Realtor Association of Sarasota and Manatee (RASM).

That’s especially the case with condos and townhomes, which have crested six months of inventory—a number largely accepted by the industry as a buyer’s market. Generally, a balanced market will lie somewhere between four and six months of supply. If MSI is less than four months, sellers have asking power. If MSI is above six months, buyers have negotiation power...read more